GIC-Brigade JV acquires HUL’s property arm

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Indian real estate co Brigade Properties has reached a deal to acquire Brooke Bond Real Estates that owns 11.39 hectares of land in the city of Bengaluru, and is a subsidiary of consumer goods company Hindustan Unilever Ltd (HUL). Brigade Properties is a 51:49 joint venture between Bangalore-based realty company… Read more »

FLC implements $1bn investment, eyes Singapore listing

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Vietnamese property developer FLC Group is executing a spate of realty projects with a total investment capital of $1 billion. Some of these projects will be opened for sale from the first quarter, and may translate into increased revenue and profit for the company this year, that is forecast to… Read more »


Yoma gets lease extension on Yangon Hotel project

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Singapore-based conglomerate Yoma Strategic Holdings was granted by the Myanmar Investment Commission (MIC) an extension of a lease to develop the former headquarters of the Burma Railways Company into a five-star hotel, the firm said in a stock exchange filing. Meeyahta International Hotel Ltd (MIHL), a company in which Yoma… Read more »


Megaworld to invest $782.2m in development of two PH townships

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Philippine property developer giant Megaworld Corp is investing P35 billion ($782.2 million) to construct two townships in Negros Occidental. This will be the largest real estate investment in the province. The Andrew Tan-led firm informed the stock exchange that the two townships will create new business districts, and generate 250,000 jobs upon… Read more »


Cordea Savills acquires Frankfurt & Singapore-based SEB Asset Management

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Property consulting group Cordea Savills announced that it will be acquiring the German investment management group SEB Asset Management AG (SEBAM) for 21.5 million euros (S$31.9 million), in cash. Post the deal, Cordea Savills will be re-branded as Savills Investment Management. SEBAM, owned by the Swedish banking group SEB, has 148 staff… Read more »


PH’s Bloombery Resorts to acquire casino, South Korean island property

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Bloomberry Resorts Corporation, a listed developer of tourist facilities, casino entertainment, hotel and amusement-themed projects in the Philippines, has signed acquisition deals for an Island property, and a casino in South Korea. Transaction details weren’t disclosed but Bloomberry assured the stock exchange that it will reveal the relevant information once agreements… Read more »


Vietnam real estate on upswing as foreign investments increase

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Following stagnation that extended almost half a decade, the Vietnamese real estate market is finally showing signs of recovery. This has happened due to a combination of factor – the change in government policies, renewed interest by foreign investors, better economy and positive regional trends. After the property bubble burst in… Read more »


AP-MJRI co-invest to develop fifth condo project

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Thailand’s property developer AP (Thailand) PCL signed a joint venture agreement with MJR Investment PTE LTD (MJRI) to develop the fifth condominium project worth 6.3 billion baht ($195 million) in the heart of Bangkok. The ‘Life Asoke’ condominium will be developed by AP (Petchburi) Co, 51 per cent of which is… Read more »


KL office supply to hit 100m sq ft by 2015 end

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Kuala Lumpur will see an additional availability of 100 million sq ft of office space by the end of this year, beating other business hotspots like Singapore, Bangkok and Jakarta. In a property market outlook report by CH Williams Talhar & Wong (WTW), the real estate services company noted that purpose-built… Read more »


Thailand’s Impact REIT to acquire four assets this year

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The Impact Growth Real Estate Investment Trust (REIT) has announced that it would be acquiring four new assets for the trust, during the fourth quarter of the current fiscal. The assets include, Novotel Bangkok Impact Hotel, an indoor parking, Geneva Industry Condominium and Beehive Lifestyle Mall. Paul Kanjanapas, managing director of IMPACT Exhibition Management… Read more »